TSXV:YDX.H - Post by User
Comment by
countryjakeon Dec 18, 2019 8:00am
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Post# 30467270
RE:Heard from Daniel.. Disney is coming...
RE:Heard from Daniel.. Disney is coming...Is it really a good buy now at $0.28-0.32? With 12 million shares out, the first thing they will do is start diluting again and these prices never hold after a rollback. Rule of thumb is they return to pre-rollback levels. I'm not buying.
There is a point that can be made that a rollback was needed to combat shorters but the effect of an 8:1 is to confiscate ownership from loyal retail supporters and place it in the hands of the institutions that pushed them to do this.
If you want to know why shorting works so well on the TSX.V it is because of actions like this. Odds are overwhealming that share prices will drop rather than go up. It makes me wonder why there are any longs at all to take the other side.
shoosh22 wrote: Daniel said part of the reason for the RS is because no matter what they release they get hit over and over again...
He said quote
But this roll back will be key to some plans we have for 2020 and there was no way around it
Disney is almost there, I am waiting for a beta version of the full game soon and Disney only have to approve the final animations and voices of Mickey and Minnie. Problem is they take a while, but its getting there
He said Launch is slow, but hoping after the NY will pick up the pace.
Well it certaily is a good buying opportunity now.. glta